As regulatory regimes go, oversight of broker-dealers is much stricter than it is for investment advisers.» Read More
Bank of America Corp. fell$. 12 or. 8 percent, to $15.47. Citigroup Inc. fell$. 37 or. 7 percent, to $49.66. US Bank fell$. 37 or. 9 percent, to $42.38.
Bank of America Corp. fell$. 06 or. 4 percent, to $15.53. Citigroup Inc. fell$. 15 or. 3 percent, to $49.88. Goldman Sachs rose$. 01 or percent, to $175.41.
*UK break-up seen as outside chance. Last week saw the first glimmer of action in currency markets to protect against the possibility of Scotland voting on Sept. 18 to break away from the United Kingdom.
The FHFA filed 18 lawsuits against Goldman and other banks in 2011 over about $200 billion in mortgage-backed securities that later went sour.
NEW YORK, July 26- A deal to resolve a U.S. regulator's claims against Goldman Sachs Group Inc over mortgage-backed securities sold to Fannie Mae and Freddie Mac leading up to the financial crisis could cost the bank between $800 million and $1.25 billion, according to a person familiar with the matter.
NEW YORK, July 25- Small U.S. brokerages are beefing up their training and presence on campuses to woo future employees as the industry faces a mass exodus of retiring financial advisers over the next decade.
WASHINGTON, July 25- A mixed reading on the health of U.S. business investment on Friday suggested the economy may not have rebounded as strongly in the second quarter as previously believed, but it offered hope for the rest of 2014..
LONDON, July 25- Foreign equity and bond investors who had tentatively ventured back into Russia after a huge early-2014 selloff are again slashing their holdings for fear of being caught in the crossfire of Western sanctions. Russia has fared worst among the big emerging equity markets this year, with dollar-based losses of 13 percent.
*Libya oil production rises to 500,000 barrels per day. SINGAPORE, July 25- Brent crude held steady above $107 a barrel on Friday, on track to end the week flat as plentiful supplies held down any run-up in prices from geopolitical tensions in oil producing regions.
*Japan CPI as expected, muted reaction from dollar/yen. TOKYO, July 25- The dollar held gains versus the yen on Friday and the euro stood steady after rebounding from an eight-month low against the greenback as data painted a brighter picture of the U.S. and eurozone economies.
TOKYO, July 25- The dollar held gains versus the yen on Friday and the euro stood steady after rebounding from an eight-month low against the greenback as data painted a brighter picture of the U.S. and eurozone economies.
Bank of America Corp. rose$. 10 or. 6 percent, to $15.62. Citigroup Inc. fell$. 09 or. 2 percent, to $50.09. Goldman Sachs fell$. 56 or. 3 percent, to $176.26.
Court throws out Chiquita terror payment claims involving thousands of Colombian deaths Stocks pause in early afternoon trading as Caterpillar, homebuilders offset better earnings IMF cuts global growth forecast because of slowdowns in US, Russia and emerging markets $300 million later, Social Security trying to salvage computer system that doesn't work Officials: Missing Air Algerie plane carrying 116 people' probably crashed' in northern Mali AmerisourceBergen reports 3 Q loss following a profitable quarter a year ago General Motors 2 Q profit falls 85 pct., drained by massive recall costs Ford's second quarter net profit up 6 percent to $1.3 billion as Europe makes money again Wal-Mart promotes exec of Asia division Greg Foran as new CEO of Wal-Mart US stores Morgan Stanley paying $275 M to settle SEC charges over sales of risky mortgage bonds
Bank of America Corp. rose$. 09 or. 5 percent, to $15.61. Citigroup Inc. rose$. 02 or percent, to $50.20. Goldman Sachs fell$. 39 or. 2 percent, to $176.43.
Stocks inch higher at midday after United, Ford report better results; homebuilders hit hard IMF cuts global growth forecast because of slowdowns in US, Russia and emerging markets French foreign minister: Missing Air Algerie plane' probably crashed' in northern Mali General Motors 2 Q profit falls 85 pct., drained by massive recall costs Ford's second quarter net profit up 6 percent to $1.3 billion as Europe makes money again Wal-Mart promotes exec of Asia division Greg Foran as new CEO of Wal-Mart US stores Morgan Stanley paying $275 M to settle SEC charges over sales of risky mortgage bonds Under Armour 2 Q revenue soars 34 percent and raises outlook; shares hit an all-time high US new-home sales tumble 8.1 percent in June to annual rate of 406,000 Nokia says Q2 profit up 20 percent, gives upbeat outlook after sale of troubled handset unit
WASHINGTON— Morgan Stanley has agreed to pay $275 million to settle U.S. civil charges that it misled investors about risky mortgage bonds it sold ahead of the 2008 financial crisis. The SEC said Morgan Stanley failed to accurately disclose the delinquency status of home mortgages backing two securities deals that it financed and sold in 2007..
NEW YORK/ WASHINGTON, July 24- The U.S. Securities and Exchange Commission said on Thursday it had charged Morgan Stanley with misleading investors about two mortgage-backed securities it issued before the 2008 financial crisis, and that the bank would pay $275 million to settle the case, according to a press release.
Bank of America Corp. rose$. 07 or. 4 percent, to $15.59. Citigroup Inc. rose$. 04 or. 1 percent, to $50.22. Goldman Sachs fell$. 26 or. 1 percent, to $176.56.
*Indonesia to revise rules on mineral export taxes next month. LONDON, July 24- Copper climbed to its highest level in 10 days and zinc hit a near three-year peak after better-than-expected Chinese factory data calmed fears about economic growth in the world's biggest metals consumer.
SYDNEY, July 24- London copper rallied to its highest in more than a week on Thursday after China's factory sector grew at the fastest clip in 18 months in July, shrugging off news that Indonesia may soon resume ore exports that could smooth out kinks in supply. There just wasn't a lot of clarity over when, "said analyst Joel Crane of Morgan Stanley in Melbourne.